Why should I use a mortgage adviser?
We know that a mortgage is about so much more than just the mortgage itself. It’s about making sure that you have the best structure possible so that it works for your lifestyle. By using a adviser, you have access to the entire market and always have someone in your corner. Each bank is different and not all clients will fit each bank. It’s our job to make sure we place you in the best possible position to make sure your empire is safe, stable and working hard for you.
How much can I borrow?
This completely depends on your income and how much you can put down as a deposit – we’ll take a look at what your situation is and how you’ll be able to service a mortgage, then help you figure out just how far you can go.
Should I fix the entire portion of my mortgage?
Depending on your current situation and the goals you want to achieve will determine how you structure your mortgage.
What does LVR stand for?
Loan to Value Ratio. This stands for how much of the value of the property is covered by a mortgage. It has a huge impact on the mortgage space and can affect your interest rates – that’s why the higher your deposit is (and the lower your LVR is), the greater your chance of securing lower interest rates.
My mortgage is currently fixed – is there any point in catching up?
Yes most definitely! We can work out the break fees if there any and then can start to work out a plan moving forward to see whether it would be more beneficial for you to pay more of it off earlier.
I want a new mortgage – what information do I need to give you?
Each bank requires the same information. Check out our Appointment checklist for all of the information we need to get the ball rolling.
What is an auction?
An auction is a method of selling a property through the process of public negotiation. Purchasing a property through an auction allows you to publicly negotiate the price, which helps ensure you are paying the true market value for the property at the time.
However, you should always be prepared for an auction! Before bidding at auction:
- You should read and make sure you understand the auction’s particulars and the conditions of sale
- Be in a position to bid on a cash unconditional basis. You can organise pre-approval through Insurance Empire and our team of insurance advisers
- Be able to pay the 10% deposit and sign the contract as soon as auction is over
I want to buy a house – why won’t the bank allow me to have a mortgage?
The five most common reasons lenders are declined loan applications are:
- Insufficient deposit
- Income isn’t enough to service the loan.
- Property not acceptable to lender
- Bad credit history
- Bank account conduct
If you’re unsure about anything to do with mortgages, get in touch! We’re here to help.
Why should I use an insurance adviser?
There are so many kinds of insurance, it can seem overwhelming. Depending on your situation, you shouldn’t need every kind of insurance (you’re probably not going to need alien abduction insurance anytime soon, for example!) but by the same token, you want to make sure that you and your family are protected in case anything bad happens. Being able to judge what you do and don’t need, then finding the best insurance option for you is what an adviser can help with.
Do I need insurance? Won’t ACC help me?
Depending on what has happened to you, ACC may not be able to help. ACC is workplace accident cover, not illness cover – that’s why having health insurance, trauma or TPD cover can protect you should anything terrible happen.
If you’re unsure about anything to do with insurance, get in touch! We’re here to help.
I’m overseas – can you still help me?
Absolutely! We have clients based in Australia, UK, Ireland, France – thanks to technology, you’re not restricted to just your local area anymore.
Does it cost to talk / meet up??
Not at all! We like to sit down and find out about your needs and situation as no two clients are ever the same.
Is my plan flexible with my changing lifestyle?
We completely understand how things can change in a heartbeat. That’s why we can amend your plan to suit any chances when they arise. It’s part of our ongoing support to help you build and maintain a tip-top empire.